Course Description
The ultimate goal of any manufacturing company is to make a profit. This leads to jobs for
employees, a better work environment, and returns for stockholders. It is very helpful when all
employees in the organization understand the big picture of how their company makes money
and the factors that influence how much money the company makes. It is also very important for
everyone in the company to understand the influence their specific actions and decisions play in
the ultimate profitability of the company. This course communicates the importance of
understanding manufacturing as a business and presents basic business concepts using decisionoriented
exercises built around a fictitious company: The Yo-Yo Company.

Course Outline
Pre-test

Part 1: The Importance of Knowing the Facts
What is a Business? and Types of Business Enterprises
Types of Business Organizations
Types of Business Activities

Part 2: Categorizing and Recording the Facts
The Tools of Accounting
Accounts Unique to Manufacturing
Key Manufacturing Cost Terms
Costing Systems

Part 3: Reporting the Facts
Accounting Systems and Financial Statement Package
A Closer Look at the Cash Flow Statement

Part 4: Using the Facts to Plan and Evaluate
Budgeting
Variance Analysis
Yo-Yo Exercise
Post-Test

Total Course Hours
20

Delivery Mode
8 sessions, 2.5 hours each session
or
7 sessions, 3 hours per session

Cost
For a group of ten or more participants: $63 registration fee per participant
For a group of nine or less participants: $2100 total for workshop
Text: $4.65 per participant